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  • Buy-to-Let

    Rents rise as Landlords exit the sector



    I hope the likes of Shelter read this:

    It's what most of us have been saying for two years ?

    https://residentiallandlord.com/prices-r...nt-sector/

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    Learn Change and Adapt ?????

    The government need to change this awful attack. In other news, if LL manage their BTL like a business then it is still viable after all it is a service we are providing. In any case, rents will rise.

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    doh, stupid Government . .. rising rents make it harder for first time buyers to save up for a property.

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    Exactly, and this a vicious circle (again)

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    Thanks for posting this DL.

    The Tenant Tax campaign has always stated that the Government never undertook any form of impact statement to see what affect Section 24 would have on the PRS.

    The campaign was set up to warn of the dangers.

    1 in 4 landlords to exit due to Section 24 

    Tenants face rent rises following tax changes 

    We have real-life case studies of landlords who will be forced to put up rents:





    "Axe the Tenant Tax" Awareness Week, earlier this year, addressed all of the concerns of industry stake-holders and landlords:

    "Axe the Tenant Tax Awareness Week" summary 

    The data above is just the start, imho.

    Combine landlords exiting with a decline in social house building and you have a perfect storm.

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    They have treated us in the same way the tabacco companies have been treated for years

    They have Taxed us in every way they can ?

    To stop us expanding and developing ?

    But unlike Tabacco  co who kill We provide homes and a service to our customers

    The Govt did not look at the implications and only went for the greed factor that our industry has portrayed for years

    We all know the fall out and the end result higher rents less choice

    The Govt now have an issue to fill the gap that Landlords filled for  the past 20 years

    We provide homes but for some reason the govt cant see the important role we do

    what a short sighted country we live in

    Such a lot of other ways this could have been done.

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    Learn Change and Adapt ?????

    Sold one of ours earlier this year, and another became vacant in May, so after a wash and brush up that's now ready to be sold as well.

    It is my intention to sell all my rental properties, either as soon as tenants vacate, or at least one a year. Most I have owned for 10 to 15 years or more, so the capital gain is pretty decent.

    Renting properties is becoming harder work year on year, and I don't see this situation improving at all.

    With all the extra hoops and hurdles landlords are having to go through, legislation for tenants should also be tightened.

    They should be made to face up to reality: if you stop paying rent, you'll be evicted within 2 months - and not the 5, 6, 7 months or more that is the current norm, particularly if they play the system (late defences etc)

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    I know you will not be alone David

    The govt and the sector will lose out when Landlords leave

    I wish you all the best DL


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    Learn Change and Adapt ?????

    Hi David,

    In the process of evicting someone.

    Totally agree.

    If the tenants don't pay rent, they are out. It is up to them to prove that the rent paid and they should be reinstated or compensated. Instead they live in our livelihood protracted by their petty excuses and lies made up one after the other.

    The law is only above the law biding. The breakers are above the law. 

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    RGR

    You cannot put up rents if tenants cannot (or don't feel they have to) accept higher rental prices.  Given the oversupply of rental properties in some parts of London (or HMOs in Reading, etc etc) achievable rents are dropping in many areas.

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    In the NE I cant see rent rises ??

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    Learn Change and Adapt ?????